What is a parcel?
A parcel is a group of lots of the same type and quantity of wine. The only potential differences between the lots are the condition or levels of the bottles.
How do I place an absentee bid for a parcel?
When placing an absentee bid, you will be prompted to enter your selection of additional lots to purchase, while at the same time the auctioneer will request to make a selection. If you are successful, you will also be purchasing these additional lots in a parcel at the same price. If there is a higher absentee bid on a later lot in this parcel, you will be purchasing additional lots up until that lot.
How will I bid on a parcel during the live auction?
If you have a successful online bid of a parcel lot during the live auction, you will be prompted to enter your selection of additional lots to purchase. If you make no selection in a timely manner, the auctioneer will finalize your bid and move on to the next lot. Please note that parcel bidding is at the auctioneer’s discretion.
How are parcels sold?
At the auctioneer’s discretion, the successful bidder of the first lot in a parcel shall have the option, but not the obligation, to purchase in consecutive order one or more of the remaining lots in the parcel, each at the same successful bid price as the first lot unless there is a higher bid on a later lot in the same parcel.
If any lots in the parcel are not purchased, the auctioneer will open the bidding on the next unsold lot in the parcel and the successful bidder of that lot shall have the same option at the newly established successful bid price.
What is a series in Hospices de Beaune sale?
A large group of lots of the same type and quantity of wine may be divided into separate series, which then may be offered for sale as separate parcels.